Banking sources said the debt recast is actually 'Plan B' to help the nation's largest retailer stay afloat. Lenders to Kishore Biyani's Future Group will withdraw the just-approved debt recast......
The sale of Nature’s Basket, Godrej’s chain of food stores in west India, is the second exit by a big group in a year in the category The $4.5-billion Godrej group last week joined......
'Unlike Big Bazaar, where the promoter calls the shot, in ABRL, professionals take decisions. So, every new CEO leads to a change in strategy, which confuses vendors and the team.' Aditya Birla......
Shoppers Stop returns to its core business after divestments. The retailer plans growth through web and private labels. Four transactions by Shoppers Stop in a fortnight, including divestment of a......
Navil Noronha stepped out of the shadows to address the media for the first time during the company's recent IPO. Illustration: Dominic Xavier/Rediff.com. Like his boss the reclusive stock market......